earnings
confidence high
sentiment positive
materiality 0.85
Capital Bancorp Q2 net income up 25% to $8.2M; raises dividend 25% to $0.10
Capital Bancorp Inc
2024-Q2 EPS reported
$1.06
- Q2 net income $8.2M ($0.59 EPS) vs $6.6M ($0.47) in Q1; adjusted EPS $0.59.
- Net interest margin expanded to 6.46% (Q1: 6.24%); core NIM (ex-credit card) to 4.00% (Q1: 3.85%).
- Loans grew $57.1M (11.7% annualized); deposits grew $94.7M (19.0% annualized).
- Quarterly dividend raised 25% to $0.10/share payable Aug 21; record Aug 5.
- Acquisition of Integrated Financial Holdings received Fed approval; shareholder meeting Aug 15.